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'Tis the season in the NBA for Blake Griffin dunks, turkey handouts -- and gloomy predictions about the league's labor negotiations.Today at a Thanksgiving-themed charity event in New York, Billy Hunter, the executive director of the NBA players' union, told reporters he's "99 percent sure" the league will have a work stoppage next summer. The NBA's collective bargaining agreement with its players expires in June, and league commissioner David Stern recently said owners are losing nearly $400 million a year, and are seeking dramatic salary and contract-length reductions in the league's next labor deal.
The NBA has enjoyed peaceful relations with its players after a lengthy labor fight nearly canceled the 1998-99 season. In that battle, Stern and the owners were intent on reducing the power of player agents and establishing a hard cap on maximum salaries. Now, the owners are asking for more concessions from players -- namely shorter guaranteed contracts and a smaller share of "basketball-related income," or BRI.
Currently, players receive 57 percent of BRI, which includes revenue from ticket sales, national media deals, league sponsorships, and merchandise. It does not include, however, money from arena naming rights, local media deals, or 60 percent of proceeds from luxury suite and "premium" seats.
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Source: http://nba.fanhouse.com/2010/11/22/billy-hunter-says-hes-99-percent-sure-of-an-nba-lockout-next/
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